Politics
JUST IN: Trump Secures Massive Economic Victory On His Second Day In Office
President Donald Trump is set to unveil a groundbreaking partnership that will see hundreds of billions of dollars flow into America’s artificial intelligence infrastructure. On Tuesday, Trump will host tech giants OpenAI, SoftBank, and Oracle at the White House to announce a joint venture known as Stargate, an ambitious project aimed at bolstering AI capabilities across the nation.
The Stargate partnership is expected to focus on developing critical AI infrastructure, enhancing national security capabilities, and fostering job creation in key technological sectors. While specific project details remain under wraps, insiders suggest that the initiative will prioritize data centers and computing power crucial for AI development.
Trump’s latest economic win comes as his administration continues to prioritize American technological dominance on the global stage. Sources told CBS News that the initiative will begin in Texas with an initial investment of $100 billion and eventually ramp up to a staggering $500 billion over the next four years.
Expectations are to create approximately 100,000 tech jobs in AI, data centers, and semiconductors. Oracle Corporation’s (ORCL) stock experienced a significant increase today, currently trading at $172.57, up $11.63 (7.22%) from the previous close.
OpenAI, Oracle, and SoftBank are notable entities in the tech and investment landscape. OpenAI is renowned for its pioneering work in artificial intelligence, focusing on developing AI that can benefit humanity broadly, with projects ranging from language models to robotics.
Oracle is a heavyweight in software and cloud technologies, providing database software, cloud-engineered systems, and enterprise software products with a strong emphasis on serving the corporate technology sector.
SoftBank, a Japanese multinational conglomerate, engages in diverse investments across technology, energy, and finance sectors, often focusing on innovative startups and strategic technology advancements.

Taipei city, Taiwan – Jun 22, 2019:Masayoshi Son,Japanese business magnate and investor who is the founder and current chief executive officer of Japanese holding conglomerate SoftBank .
Trump will be joined by Masayoshi Son from SoftBank, Sam Altman from OpenAI, and Larry Ellison from Oracle for the announcement according to The Associated Press. Masayoshi Son, a billionaire from Japan, pledged in December to invest $100 billion in U.S. projects over the next four years.
In December, President Trump appointed venture capitalist David Sacks as the White House AI and Crypto Czar to advance AI development. Sacks is tasked with creating a legal framework for the cryptocurrency industry and protecting free speech online. His role as a “special government employee” enables him to continue private sector engagements while advising on policy.

Yammer’s founder, David Sacks
President Trump also reversed a 2023 executive order by Joe Biden, which required companies to share information on advanced AI model development with the U.S. government. The move is seen as an effort to ease regulatory constraints on AI innovation. Following the policy shift, companies such as Nvidia, a top AI chip maker, saw stock increases, reflecting market optimism over a more relaxed regulatory landscape.
AI has transformed politics, from targeted campaign strategies to governance and public discourse. Campaigns use AI for personalized ads, sentiment analysis, and voter engagement. On a global scale, AI is crucial in cybersecurity and geopolitical strategy.
In February 2019, President Trump launched the American AI Initiative through Executive Order 13859, directing federal agencies to prioritize investments in AI research and development. The initiative focused on supporting long-term research, increasing access to federal data and computing resources, and promoting a responsible approach to AI.
